n NISM Certifications
XIII NISM Series XIII
Medium

Mr. Mohit sold 10 lots of GBPINR futures at ₹99.60/99.90. He squared off 5 lots when the price was ₹98.65/98.85. What was his profit on the 5 lots closed?

Practice question from NISM Series XIII for SIF - Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. ₹3,750 profit

    Correct answer

  2. B

    ₹8,450 loss

  3. C

    ₹6,500 profit

  4. D

    ₹4,850 profit

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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